and speaker boehner don't know either. it's a huge possible fiscal shock. it would be one the biggest fiscal shocks we've had since world war ii, and the only thing that's comparable is the vietnam surtax applied after military spending was already falling. falling off the cliff means recession. i think it could be much worse than the cbo implies for two reasons. one, the economy is very fragile and vulnerable, and, secondly, it has a horrible psychological impact on the business community, consumers, who, with some justification, would totally lose confidence in our government's ain't to -- ability to dporch. -- govern. i agree very much with david what we need right now is a kind of down payment, making some progress, a down payment that probably involves the cuts on the spending side, and the pledged too -- to do much more later. the important thing to know about the proposals on the street right now is you can accept everything in the president's proposal,, accept everything speaker boehner's proposed, and you would no